306 N Driver Street Active Save Request In-Person Tour Request Virtual Tour
Durham,NC 27703
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,431 sqft
Price per Sqft $223
Subdivision The Driver Lands
MLS Listing ID 10051987
Bedrooms 5
Full Baths 2
Year Built 1900
Annual Tax Amount $1,196
Lot Size 0.320 Acres
Property Description
This old historic home has been converted into a rooming house. The manager lives in the property. Three large bedrooms rooms each rent for $160/week ($640/month) and the two smaller bedrooms each rent for $135/week ($540/month) for a total of $3,000/month. A feasibility study (see attachments) was completed showing the additional units that can be built in the enormous backyard. Recently passed SCAD (SEE ATTACHED)
(Simplifying Codes for Affordable Development) will allow for higher density development with less hurdles to jump through (effective 1/1/2024). This property has so much potential!
Location
State NC
County Durham
Zoning RU-5(2)
Interior
Heating Electric,Floor Furnace,Natural Gas,Space Heater
Cooling Central Air,Window Unit(s)
Flooring Hardwood,Vinyl
Exterior
View Y/N Yes
Roof Type Asphalt,Shingle
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Durham - Y E Smith
Middle Schools Durham - Neal
High Schools Durham - Southern
Others
Special Listing Condition Standard